All good. If you can do nothing else, save jam jars with lids. They are useful for preserving - jam etc, and also for keeping a half tin of something fresh in the fridge. For example: tomatoes, fruit. Turns out my neighbour did not think of this and was throwing the spare half tin away, so I mention it now.
Don't forget that there will be huge opportunities with the economy going to pot. There were many people that made great fortunes during the Great Depression.
When all the rentals that people were planning on from rental properties doesn't meet their planned income, all those properties will just be a financial drain. Same with vacation homes. The market will be saturated and great bargains will be available. Luxury items like boats, cars, and recreational vehicles will flood the markets.
Businesses will fail and their assets will be sold for pennies on the dollar. Lenders that financed this madness will be liquidated as well.
Part of the reason that the government really isn't worried about the deficit is that they own huge tracts of public lands they have in reserve. They own 28% of all the land in the US. They have huge offshore mineral rights. They could just pull the plug on a large portion of their expenditures. Foreign aid, military bases, and more. They are just leveraging that debt for continued control.
Having been born and raised overseas, mostly in 3rd world countries, I am often amazed at how spoiled Americans are. I’m old enough to remember speaking to both my mother and grandmother about living through the Great Depression and how they managed to feed and clothe their family. I’ve never forgotten those stories and learning how to make do in tough times. I grew up boiling our water, learning to eat as locals did, and studying by lamp light because electricity was intermittent. We weren’t poor, we just lived in countries where that was the norm. It’s given me a unique perspective and has helped prepare me for possible hardship. I’ve always chosen to live below my means, to be thrifty (or more appropriately, less wasteful). I’ve also learned to always be prepared for the worst. I’m fortunate to live in a more rural environment these days surrounded by a lot of folks who are used to fending for themselves. All of the items listed in this post are excellent, and I’ll add a couple of more. 1. Get out of cities if you are able. 2. Start thinking like a prepper. You can be an inflation prepper, hedging against inflation. (Just 1 example, I just bought a bulk food item that I had to replace after 4 years. It used to be $14.50. To buy more now it cost $22.00). No matter the reason you prep, it’s never a bad thing to have extra!
All good. If you can do nothing else, save jam jars with lids. They are useful for preserving - jam etc, and also for keeping a half tin of something fresh in the fridge. For example: tomatoes, fruit. Turns out my neighbour did not think of this and was throwing the spare half tin away, so I mention it now.
Charity and generosity are key. You CANNOT out give God.
A good book on the subject: Seed Money in Action by D. D. Speller
Don't forget that there will be huge opportunities with the economy going to pot. There were many people that made great fortunes during the Great Depression.
When all the rentals that people were planning on from rental properties doesn't meet their planned income, all those properties will just be a financial drain. Same with vacation homes. The market will be saturated and great bargains will be available. Luxury items like boats, cars, and recreational vehicles will flood the markets.
Businesses will fail and their assets will be sold for pennies on the dollar. Lenders that financed this madness will be liquidated as well.
Part of the reason that the government really isn't worried about the deficit is that they own huge tracts of public lands they have in reserve. They own 28% of all the land in the US. They have huge offshore mineral rights. They could just pull the plug on a large portion of their expenditures. Foreign aid, military bases, and more. They are just leveraging that debt for continued control.
Having been born and raised overseas, mostly in 3rd world countries, I am often amazed at how spoiled Americans are. I’m old enough to remember speaking to both my mother and grandmother about living through the Great Depression and how they managed to feed and clothe their family. I’ve never forgotten those stories and learning how to make do in tough times. I grew up boiling our water, learning to eat as locals did, and studying by lamp light because electricity was intermittent. We weren’t poor, we just lived in countries where that was the norm. It’s given me a unique perspective and has helped prepare me for possible hardship. I’ve always chosen to live below my means, to be thrifty (or more appropriately, less wasteful). I’ve also learned to always be prepared for the worst. I’m fortunate to live in a more rural environment these days surrounded by a lot of folks who are used to fending for themselves. All of the items listed in this post are excellent, and I’ll add a couple of more. 1. Get out of cities if you are able. 2. Start thinking like a prepper. You can be an inflation prepper, hedging against inflation. (Just 1 example, I just bought a bulk food item that I had to replace after 4 years. It used to be $14.50. To buy more now it cost $22.00). No matter the reason you prep, it’s never a bad thing to have extra!